The Italian coast guard this week rescued five German tourists who had rented an inflatable boat to get close to the partially sunken Costa Concordia. The news outlet says the small vessel was swamped by waves whipped up by storm force winds Read More USA today Read More The Upcoming Read More Sun-sentinel
CATCo Investment Management, the specialist Bermuda based reinsurance-linked investment business that manages around $2 billion of retrocessional reinsurance portfolios for its clients, has commuted a portion of its losses from the Costa Concordia marine disaster according to a stock exchange announcement. Commuting the losses early allows them to be accounted for now and reduces the chance for loss creep affecting the CATCo Reinsurance Opportunities Fund investors. Read More Artemis Read More SunSentinel Read More DigitalJournal.com
A Fort Lauderdale judge has dismissed a lawsuit filed by several Italian businesses against Carnival Corp. and its subsidiary Costa Cruises seeking damages for financial losses suffered due to the Costa Concordiacapsizing. Earlier this week, District Judge Robin Rosenbaum, citing a Forum Non Conveniens doctrine, approved Carnival’s motion to dismiss the class action suit.
Addressing some of the issues that led to the Costa Concordia tragedy earlier this year, killing and injuring scores of people, Norbert Stiekema, the Italian cruise company’s executive vice-president of sales and marketing, said: “These [safety … Read More Gulf news Read More sun-sentinel
Another lawsuit has been filed in the aftermath of the Costa Concordia tragedy, this time against Carnival Corp. & PLC, owner of the ill-fated cruise ship that capsized this year, killing 32. The latest suit alleges that design faults on the Concordia hampered its evacuation, making it slow and problematic, according to a CBS report. The suit, filed in a California court by Mississippi lawyer John Arthur Eaves, is seeking a minimum of $10 million for two unidentified plaintiffs, plus punitive damages.
A platform, the Microperi 61, has arrived on scene at the island of Giglio to help refloat the stricken Costa Concordia. The platform has arms to work undersea and set up scaffolding to build a foundation to keep the ship stable. Read MoreDigital Journal Read More Miami Herald Read More Sun Sentinel Read More Peter Greenberg
Travel Weekly UK
By Ian Taylor | Jun 11, 2012 17:48PM GMT The boss of Carnival Corporation, Micky Arison, has hit back at claims by a crisis management expert that the company handled the sinking of the Costa Concordiaappallingly. MediaHouse executive chairman Jack Read More Sun Sentinel Read More Travel Weekly Read More Youtube
By Arlene Satchell, Sun Sentinel Work to recover the stranded Costa Concordia cruise ship is set to begin in days, a little more than four months after it capsized off the coast of Italy, killing 32, the ship’s operators announced Friday. Leading the project will be Pompano Beach-based Titan Salvage, who along with Italian partner Micoperi, was awarded the contract last month to refloat and remove the crippled 114,500-ton ship Read More Sun Sentinel Read More Digital Journal
After the Costa Concordia wrecked off the Tuscany coast in January, killing 32 people, lobby spending by its corporate parent soared. Carnival’s lobby bill in Washington last quarter totaled $522,000 – three times the amount spent the prior quarter. In its lobby reports to Congress, the company listed three areas of concern: unearned passenger revenue (advance payments for voyages), emission control and cruise ship safety. Read More First Street Research Read More Sun Sentinel